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THE LATEST

JCT Report Highlights NMTC infrastructure Investment

Yesterday, the Joint Committee on Taxation released “OVERVIEW OF SELECTED PROVISIONS AND OPTIONS RELATING TO FUNDING AND FINANCING INFRASTRUCTURE INVESTMENTS.” The report highlights tax provisions employed for the financing of infrastructure. With the help of CDFI Fund data, the committee was able to identify 171 infrastructure projects financed by the NMTC totaling over $2 billion….

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New Markets Tax Credit Receives One-Year, $5 Billion Extension

Contact: Ayrianne Parks, [email protected], (202) 393-5225 Spending Bill Expected to be Signed Into Law Today Authorizes $1.5 Billion Increase in Allocation WASHINGTON, D.C. (December 20, 2019) – The Fiscal Year 2020 appropriations bill , H.R. 1865, which will signed into law today by President Trump, includes a one-year, $5 billion extension of the New Markets…

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$5 Billion in NMTC Authority included in Tax Deal

Overnight, congressional negotiators reached a deal on expired tax provisions that would provide a one-year New Markets Tax Credit extension at an allocation level of $5 billion for 2020. The legislation is expected to pass the House and Senate by the end of the week. The Coalition put together a video with our projections on…

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Tax Policy Trends and Plans for 2020 Were Focus for Lawmakers, Community Development Leaders at Annual D.C. Policy Conference

Coalition gathers NMTC stakeholders, releases state statistics WASHINGTON, Dec. 16, 2019 /PRNewswire/ — New Markets Tax Credit extension legislation, tax policy trends and plans for 2020 were the focus as the New Markets Tax Credit (NMTC) Coalition held its annual NMTC Policy Conference late last week in Washington, D.C. The two-day event featured several members of Congress as keynote speakers, included…

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ABOUT THE NMTC

The New Markets Tax Credit (NMTC) is a shallow, low-cost tax incentive which delivers billions of dollars annually to low-income communities with high unemployment and poverty. The credit finances everything from hospitals to manufacturing facilities to rural broadband expansions.

LATEST RESEARCH

The 2019 NMTC Progress Report, the NMTC Coalition’s annual report on investments and impacts of the NMTC.

EXTENSION CAMPAIGN

The NMTC expires on December 31, 2020. Bipartisan legislation to extend the NMTC has been introduced in the House (H.R. 1680) and Senate (S. 750).

Latest Cosponsors of H.R. 1680

Latest Cosponsors of S. 750

Testimonials


State Fact Sheets and Stories

Videos

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Have a Project?

Do you have a great project in a low income community that is in need of NMTC allocation? We recommend first watching our “How It Works” video.

The next step is to check the CDFI Fund’s mapping site to see if your project is in an eligible census tract.

Finally, check to see which Community Development Entities serving your area have remaining NMTC allocation.

How the NMTC Works

Click to watch a tutorial

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